Thor Industries, Inc. (THO) Shares Bought by First United Bank Trust
First United Bank Trust boosted its holdings in Thor Industries, Inc. (NYSE:THO) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,404 shares of the construction company’s stock after acquiring an additional 605 shares during the quarter. First United Bank Trust’s holdings in Thor Industries were worth $1,267,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Atria Investments LLC increased its position in shares of Thor Industries by 37.6% in the fourth quarter. Atria Investments LLC now owns 3,292 shares of the construction company’s stock valued at $496,000 after buying an additional 900 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new stake in shares of Thor Industries during the fourth quarter valued at $203,000. Jaffetilchin Investment Partners LLC boosted its stake in shares of Thor Industries by 45.1% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 12,905 shares of the construction company’s stock valued at $1,945,000 after acquiring an additional 4,012 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Thor Industries by 56.0% during the fourth quarter. First Citizens Bank & Trust Co. now owns 8,650 shares of the construction company’s stock valued at $1,304,000 after acquiring an additional 3,105 shares during the last quarter. Finally, Sit Investment Associates Inc. boosted its stake in shares of Thor Industries by 1.0% during the fourth quarter. Sit Investment Associates Inc. now owns 37,985 shares of the construction company’s stock valued at $5,725,000 after acquiring an additional 385 shares during the last quarter. Hedge funds and other institutional investors own 88.44% of the company’s stock.
THO has been the topic of a number of analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $136.00 price objective on shares of Thor Industries in a research note on Wednesday, November 1st. Citigroup raised their price target on Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. SunTrust Banks raised their price target on Thor Industries and gave the stock a “buy” rating in a research note on Thursday, September 28th. Northcoast Research reissued a “buy” rating and issued a $145.00 price target (up from $134.00) on shares of Thor Industries in a research note on Monday, September 25th. Finally, Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research note on Saturday, September 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $125.18.
Thor Industries (NYSE:THO) last announced its earnings results on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, beating the consensus estimate of $1.84 by $0.59. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The company’s revenue was up 30.6% on a year-over-year basis. During the same period last year, the business posted $1.49 EPS. equities analysts expect that Thor Industries, Inc. will post 9.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 26th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $1.48 annualized dividend and a dividend yield of 0.95%. Thor Industries’s payout ratio is currently 18.43%.
In related news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the sale, the director now directly owns 4,988 shares in the company, valued at approximately $766,905. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.10% of the company’s stock.
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Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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